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"...are giving 10% of our shares in this round to the people in the reddit community..."

How's that supposed to work? Reddit (the company) will own the shares? Some foundation? A bit more detail would be nice.



They will most probably use blockchain technology for the community ownership distribution: https://jobs.lever.co/reddit/6ce6a242-00d1-49c4-9bed-c34f264...


this is really the interesting point of the article for me.

it could be the first cryptocoin actively used based for rewards/sponsorships etc. See http://ltbcoin.com/ as an example.


I'm wondering about the load of shareholder service work that has to be done when corporate stuff gets put up to a vote. They have to notify people, and that might be hard if someone uses a throwaway account and somehow ends up acquiring a share because of it.

While I have a real name account there, TBH 95% of the time I'm using an alias.


Lets hope for a subreddit controlling it. No really, have the users control it. Really.

Yes, yes, trolls, hacked accounts, wall street manipulators, sock puppets, 4chan, 14 year olds, etc.

But, I mean, wow, just imagine the flame wars! It would be a beautiful fire of crazy. Have the insane fedora neckbeards actually try to get things together in a really real setting? The raw data files alone would be worth it. You'd glean so much, and in a Public setting. Yeah, Google does it already, but to let all of us join in on the analysis of the decision making process? I dare say it: You'd be able to determine how an internet-type true democracy would work. Hash out representatives, the whole deal.

Give it to the users, reveal just how dumb we all are in a herd.




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